PROJECT

Projects

Summary of Investment Information

Project Number

47579

Company Name

ONSURITY TECHNOLOGIES PRIVATE LIMITED

Date SPI Disclosed

Mar 30, 2023

Country

India

Region

South Asia

Projected Board Date

May 1, 2023

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Sep 20, 2023

Department

Disruptive Tech, Service & Funds

Industry

Financial Markets

Previous Events

Approved : Jun 20, 2023
Signed : Aug 7, 2023
Invested : Sep 12, 2023

Sector

General Insurance (Non-Life)

Project Description

IFC is considering an equity investment into Onsurity Technologies Private Limited (“Onsurity” or “the Company”), a full stack employee healthcare insurtech in India that offers MSME employees and their families comprehensive health plans in the form of health insurance, including wellness benefits, for these members.              

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation